9 PM Daily Current Affairs Brief – October 5, 2017

RBI: Neutral over dovish:  Context: RBI has kept the repo rate unchanged at 6% What are the other recent declarations made by RBI? Reverse repo rate kept unchanged at 5.75 Marginal standing facility (MSF) rate and the Bank Rate kept at 6.25 per cent Cash Reserve Ratio (CRR) kept unchanged at 4% Statutory liquidity ratio… Continue reading RBI: Neutral over dovish: 

Coal-fired projections:  Context The NITI Aayog’s Draft National Energy Policy (DNEP) has predicted that between now and 2040, there will be a quantum leap in the application of renewable energy together with a drastic reduction in fossil fuel energy intensity. What are the expectations from this move? Considering the economic and population growth, India’s annual… Continue reading Coal-fired projections: 

Waiting for the cut:  Background Even as the economy slows down, the RBI has left its key policy lending rates unchanged while maintaining a “neutral” monetary policy stanc e. Why did RBI take this step? The upside risks to inflation — rising international oil prices, uncertainties in pricing behaviour of firms post-GST and a patchy… Continue reading Waiting for the cut: 

Steadying hand:  Context The Goods and Services Tax Network (GSTN) is bracing itself for a “big challenge” set to emerge in the coming weeks as a ministerial panel Wednesday ruled out any further extension for filing GSTR 1 returns by traders. As it has been extended three to four times. Sushil Kumar Modi, head of… Continue reading Steadying hand: 

RBI holds interest rates, warns against fiscal laxity: Context: By holding policy rates, the RBI shifts focus to the government to give a fillip to growth. Introduction: The Reserve Bank of India kept interest rates unchanged citing concerns about the upward risks to inflation and cautioned the government against steps to relax fiscal discipline to… Continue reading RBI holds interest rates, warns against fiscal laxity: